I would like to share with you a story about minority shareholder rights that I learned from the father of a childhood friend of mine. My friend’s father was involved in various business activities in the Houston area. During the late 80’s I recall being on the sideline of a conversation my friend was having with his father in which the father was describing being squeezed out of his minority shareholder rights in a particular business.
I had come in on the tail end of the conversation, and, in an effort to get caught up with the story, I asked, “what happened?” I will never forget the visual that my friend’s father gave me. With his right hand making the thumbs up sign he then turned his thumb upside down, placed it on the table and began rotating his fist back and forth as if he was squishing a bug underneath. Then he said, “that’s what happened.” I understood.
(If you feel that your minority shareholder rights are in jeopardy and you would like to discuss your options, please call the attorneys at Romano & Sumner, PLLC.)
Minority shareholder oppression can take many forms. Here are some of the most common scenarios in which minority shareholder rights are taken advantage of by the majority:
If you find yourself in one of the situations described above, know that with proper legal representation you can protect your minority shareholder rights in Texas. Some of the remedies for minority shareholder oppression in Texas include the following:
The business litigation attorneys at Romano & Sumner, PLLC are experienced in prosecuting claims for minority shareholder oppression in Texas. To protect your minority shareholder rights in Texas, call the attorneys at Romano & Sumner, PLLC today.
Romano & Sumner, PLLC